<SEC-DOCUMENT>0001225208-18-012476.txt : 20180810
<SEC-HEADER>0001225208-18-012476.hdr.sgml : 20180810
<ACCEPTANCE-DATETIME>20180810134913
ACCESSION NUMBER:		0001225208-18-012476
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180802
FILED AS OF DATE:		20180810
DATE AS OF CHANGE:		20180810

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Corbett M. Timothy
		CENTRAL INDEX KEY:			0001563277

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00733
		FILM NUMBER:		181008227

	MAIL ADDRESS:	
		STREET 1:		1295 STATE STREET
		STREET 2:		MASSACHUSETTS LIFE INSURANCE COMPANY
		CITY:			SPRINGFIELD
		STATE:			MA
		ZIP:			01111

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings BDC, Inc.
		CENTRAL INDEX KEY:			0001379785
		IRS NUMBER:				061798488
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(704) 805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Triangle Capital CORP
		DATE OF NAME CHANGE:	20061101
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2018-08-02</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001379785</issuerCik>
        <issuerName>Barings BDC, Inc.</issuerName>
        <issuerTradingSymbol>BBDC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001563277</rptOwnerCik>
            <rptOwnerName>Corbett M. Timothy</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 SOUTH TRYON STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2500</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>1</isOther>
            <otherText>Adviser Board Member</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Ann Malloy as Attorney-in-fact</signatureName>
        <signatureDate>2018-08-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>corbett.txt
<TEXT>
================================================================================
Securities and Exchange Commission ("SEC") Forms 3, Form 4 and Form 5 and
Application for EDGAR Access (Form ID) Confirmation of Authority to Sign



Pursuant to Instruction 7 to SEC "Form 3 - Initial Statement of Beneficial
Ownership of Securities", "Form 4 - Statement of Changes in  Beneficial
Ownership" and "Form 5 - Annual Statement of Beneficial Ownership of
Securities" the undersigned  being a Member of the Board of Managers of Barings
LLC, the investment adviser to Barings BDC, lnc. (the "Issuer"), hereby appoint
and designate Jessica Restivo, Ann Malloy, and Melissa LaGrant each as my true
and lawful attorneys in fact with full power to (a) apply for access to the
EDGAR filing system in my name and (b) sign for me and file with the SEC,
the New York Stock Exchange and the Issuer said SEC Forms 3, 4 and/or 5 with
respect to shares of the Issuers purchased or sold by the undersigned or any
other change of beneficial ownership relating to equity or derivative securities
of the Issuer required to be reported by the undersigned.

This authorization shall remain in effect until a written revocation is executed
by the undersigned and filed with the SEC.




By:	M. Timothy Corbett
Title:	Barings LLC Board of Managers Member
Date:   August 10, 2018
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
